Cyber Security Market Share, Trends And Regional Outlook By 2025
19th
March 2019 - The
Global Cyber Security Market is subject to witness a substantial growth due to
the increasing focus towards prevention of information in the wake of high
profile data thefts and breaches. Adoption of the machine learning, artificial
intelligence (AI) and various communication techniques such as instant
messaging applications to provide protection against potential cyber-attacks
and data breaches, are on the rise. These factors are responsible for the
growth of the artificial intelligence-based cybersecurity market, in recent
years.
Globally, the cyber security market is predicted to grow at CAGR of
12.88% over the forecast period, providing numerous opportunities for market
players to invest in research and development of the cyber security market.
Additionally, increasing adoption of various cloud-based services such as
authentication techniques, video management, biometric information storage, and
big data computing by number of organizations are driving demand for the
advanced cybersecurity systems. The highly advanced cybersecurity systems offer
flexibility and scalability, which are vital in several industries and firms
such as the financial industry that allows storing of critical information on
the cloud storage securely.
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Growing focus towards adoption of the cloud-data security services to
ensure security and protection from potential threats are expected to drive
market growth, in recent years. Furthermore, rise in the adoption of
cloud-based services by small and medium-sized enterprises is anticipated to
drive the expansion of cyber security market over the forecast period. With
recent technological advancement in the cloud technology, is leading to
integration of various cloud-based application in number of business processes.
Additionally, shifting trends towards adoption of latest technologies
including cloud computing, and next-generation mobile computing for private
enterprises are permanently changing the way an organization uses information technology
for distributing an information and piloting e-commerce, thus propelling market
growth in the recent years. Currently, as many as total of eighty percent
commercial transactions are conducted online that holds a highest quality of
safety for financial transactions.
Rise in the number of incidences related to data breaches and
cyber-attacks are driving enterprises to adopt latest security solution to
safeguard vital organizational information. Numerous governmental initiatives
to promote adoption of cyber security are forcing small and medium-sized
enterprises (SMEs) to embed advanced cybersecurity solutions in their business
processes, as SMEs are more susceptible towards cyberattacks in comparison with
large-scale organizations. Such factors are contributing to the high deployment
rate of security solutions and services in the market, thus escalating growth
of the cyber security market, in upcoming years.
The IoT technology is gaining wide popularity in recent times, as it
simplifies execution of complex tasks, thus providing necessary convenience and
simplifying life for millions of people. The IoT technology utilizes large
number of connected devices, which are directly linked with cloud server to
offer real time data to the user. However, this may lead to cyberattacks and
data breaches due to lack of security. Increasing concerns related to cyber
threats are key drivers responsible for rising demand of the advanced cyber
security solutions in numerous IoT applications.
The market is divided by region as North America, Europe, Asia-Pacific,
Latin America and Africa. North America has shown major growth in recent years
owing to the rise in the implementation of latest technologies to prevent data
breaches and existence of well-established cloud infrastructure in the region.
Asia-Pacific region is predicted to hold major market share with massive
growth in forecast period. Countries such as India, China and Japan are leading
the Asia-Pacific market with strong economic growth, increasing number of small
and medium-sized enterprises (SMEs), favorable government laws and regulations,
and significant investment by leading industry players considering potential
growth opportunities in the region. The key players in the cyber security
market are Symantec Co., Cisco Systems Inc., Checkpoint Software Technologies
Ltd., Fortinet Inc., Samsung, Xilinx, Inc., Amazon, Inc., Kaspersky Lab, and
Trend Micro, Inc.,
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